$SPDR S&P 500 ETF Trust(SPY)$

poppii

06-18

$SPDR S&P 500 ETF Trust(SPY)$ SLS shorts have a serious problem.

Heading into triple witching, options expiration, and a three-day weekend...

The borrow fee jumped to 15.06%.

IBKR inventory has hit zero shares available.

Call open interest remains heavily stacked.

Thousands of contracts are already in the money.

Now add the latest twist.

Some brokers are reportedly requiring up to 300% margin maintenance on short positions.

Think about that.

REGAL still hasn't reached Event #80.

The trial is months beyond expectations.

FDA approved unlimited dosing.

Warrant protection continues to disappear.

So shorts are paying rising borrow fees, facing tighter margin requirements, running out of available shares, and holding through a long weekend with a binary catalyst hanging over their heads?

Meanwhile, the largest visible call wall sits at the $10 strike with 8,575 open interest.

If the bear thesis is so obvious, why does holding the short keep getting more expensive?

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